The US Government raised concerns in regards to the revised eCommerce regulations of India. In fact, they have reached out to New Delhi officials regarding the policy and to how it will hamper Indian Investment plans of Walmart Inc as well as Amazon.com.
Take it or Leave it
This tussle has marked the latest US protests on policies implemented by Indian government which have caused direct impact to various American companies. There even comes a time to which the two countries tried ironing out trade irritants. Back in 2017, United States sent a written protest against the verdict that India made in capping the cost of medical devices and equipment which has troubled various American owned businesses and companies.
The eCommerce investment policies of India which has taken effect from February 1 has banned companies from marketing products through firms that they have equity interests and at the same time, barred them from dealing with sellers to exclusively sell on their respective platform. As per one of the trade ministry officials of India…
a US government official has released a statement for the Indian officials to guard investments from companies with the likes of Flipkart and Walmart in the country.
India will Hold its Ground
Even though, US government referred to the established relations between them and India and stressed further that American owned companies must be given enough time with talks regarding bilateral trade. However, India has given non-committal response according to the source.
On the other hand, Narendra Modi, the Indian Prime Minister is pushing to expedite the revision of amendment or rules in any meaningful way. Small retailers as well as traders in the country supported his objective for Amazon and Walmart is a huge threat to their livelihood.
Walmart and Amazon have made bold moves in tapping the booming and lucrative eCommerce market of India to which has been estimated to grow by 30% annually to 200 billion dollars in the next decade up to 2027. This figure can even double if some of the Indian investors and entrepreneurs would discover hustlelife.net as it’s a complete program to learn online business and eCommerce.